Last week, the Obama administration disclosed a huge arms sale to Taiwan. Now, Obama has scheduled a meeting with the Dali Lama in spite of China’s official objections.
Either Obama is very naive (my guess) about foreign relations or he is so politically beholden to U.S. labor unions that he willing to do anything to make them happy.
Obama has so regularly insulted the Chinese that 55% its normal everyday citizens thinks the U.S. and China are headed for political/economic war.
Almost 55% of those questioned for Global Times, a state-run newspaper, agree that “a cold war will break out between the US and China”.
More on this topic
(What's this?)
WHAT CHINESE MALLS TELL US ABOUT THE ECONOMIC REALITY
(THE PRAGMATIC CAPITALIST, 2/22/10)
The Number One Reason Why Google Failed In China… And It’s A Big One
(Investment U, 1/28/10)
CHANOS: THE CHINA BUBBLE IS ABOUT TO BURST
(THE PRAGMATIC CAPITALIST, 1/25/10)
Thinking the Unthinkable: What if China Devalues the Renminbi?
(naked capitalism, 2/18/10)
Related Posts
- China wary of Obama (11/06/08)
- The wrong way to invest in China (06/02/08)
- China’s $17.6 billion bet on wind power (07/06/09)
- Obama to meet with Dalai Lama (09/19/09)
- Obama-Mao t-shirts (11/17/09)
{ 3 comments… read them below or add one }
You seem to place all the blame for a weapons purchase on the USA selling the arms to Taiwan and not a single comment about the Taiwanese doing the buying. They are in the drivers seat and doing the buying.
If we didn’t sell the arms to them, the French, Brits, Germans or Russians would have. $6billion would generate some jobs here and I think the Chinese have already ceased or cut back severely its purchases of our treasuries. That is certainly a great vulnerability but other than gold where else is a better substitute than the rapidly devaluing US dollar. Probably not the Euro right now which could devalue even faster.
I certainly am as far from the Obama camp as one could be but if he wants to see the Dali Lama then China should have nothing to say about it no matter what the reason for the visit. What good or harm can come from that? The downside is all on the US side. Why is China so alarmed at the 2 talking?
Toni,
such arms sales just don’t come from the blue and overnight! Weren’t they initiated by the Bush administration and they just now came to fruition? Should (and could) have Obama cancelled them? Jan
This question is answer in the March issue of Asia Stock Alert.